Search ForexCrunch

Bank of Korea is discussing need to hold emergency policy rate review meeting. 

Key notes

  • Will seek policy measures to stabilize markets.
  • Closely monitoring local bond yields spiking.
  • Will intervene into money markets if needed.

“A sweeping change of guard at South Korea’s central bank next month may trigger faster policy normalisation as President Moon Jae-in keeps his sights on taming the country’s runaway home prices by stacking the monetary board with hawks,” the NASDAQ reported. 

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.